The original price of a toy boat was $50. The boat is marked up 15% before it's sold. What is the selling price of the boat?

Answer: the selling price of the boat is $57.5

Step-by-step explanation:

The original price of a toy boat was $50. The boat is marked up 15% before it's sold. This means that the amount by which the original price of the toy boat was increased would be

15/100 * 50 = 0.15 * 50 = $7.5

The selling price of the toy boat would be the sum of its original price and the amount by which it was marked up. It becomes.

50 + 7.5 = $57.5